SSAB AB 2016 AR2
The report highlights SSAB's successful integration with Rautaruukki in 2016, achieving an annual run rate of SEK 3.0 billion in cost reductions and completing the workforce reduction ahead of schedule. Financially, the company improved profitability with an operating profit of SEK 1,213 million and strengthened its balance sheet through a SEK 5 billion rights issue. On the sustainability front, SSAB launched the HYBRIT initiative in partnership with LKAB and Vattenfall to develop a hydrogen-based, carbon-dioxide-free steelmaking process. Additionally, the company introduced the SSAB EcoUpgraded concept to help customers reduce carbon emissions during the use phase of high-strength steel applications.
Company: SSAB AB
Sector: Materials
Country: Sweden
Year: 2016
Type: AR2
Pages: 232
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SSAB AB
Annual Report
The report highlights SSAB's successful integration with Rautaruukki in 2016, achieving an annual run rate of SEK 3.0 billion in cost reductions and completing the workforce reduction ahead of schedule. Financially, the company improved profitability with an operating profit of SEK 1,213 million and strengthened its balance sheet through a SEK 5 billion rights issue. On the sustainability front, SSAB launched the HYBRIT initiative in partnership with LKAB and Vattenfall to develop a hydrogen-based, carbon-dioxide-free steelmaking process. Additionally, the company introduced the SSAB EcoUpgraded concept to help customers reduce carbon emissions during the use phase of high-strength steel applications.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Employees